Dubai: Bin Majid Hotels and Resorts is investing Dh400 million in four new hotels – including two being planned in Dubai, officials said.
Of this, the company has invested Dh150 million in rebranding the hotel chain and in a hotel project in Abu Dhabi.
The group’s venture into the capital city includes Nehal in Abu Dhabi — which hosts 134 rooms and suites, with designated rooms for handicapped guests and connecting rooms for families travelling together. The Tower Apartment, also located in Abu Dhabi, will comprise of 230 rooms and suites.
The hotel chain currently operates seven hotels and serviced apartments with 1,400 rooms under management.
As part of its continued growth in the region, Bin Majid Hotels and Resorts will open Santorini by end of 2013, which will cater to the leisure market. The 265-room hotel will be located in Marjan Island, the first man-made island project in Ras Al Khaimah.
“The investment in the new developments are self-financed and no banks are involved so far,” Dalal Saadeddine, CEO, Bin Majid Hotels & Resorts, told Gulf News.
“We have embarked on a Dh150 million expansion plan to support the growing tourism industry. There’s a big potential in this industry and we are seeing a tremendous increase in the number of visitors choosing the UAE as their preferred tourism destination. With the new properties and upcoming ones in the pipeline, we will soon be recognised as a leading hotel and leisure company in the UAE and the region.”
